Orbimed Advisors Stake in Mallinckrodt Pub LTD Co (MNK) Has Increased by $47.09 Million; First Conn Bancorp Md (FBNK) Position Has Increased by Fj Capital Management Llc

February 16, 2018 - By Stephen Andrade

Samuel Isaly increased its stake in Mallinckrodt Pub Ltd Co (MNK) by 636.35% based on its latest 2017Q3 regulatory filing with the SEC. Orbimed Advisors Llc bought 1.27 million shares as the company’s stock declined 25.01% while stock markets rallied. The hedge fund run by Samuel Isaly held 1.47M shares of the major pharmaceuticals company at the end of 2017Q3, valued at $55.04 million, up from 200,000 at the end of the previous reported quarter. Orbimed Advisors Llc who had been investing in Mallinckrodt Pub Ltd Co for a number of months, seems to be bullish on the $1.60B market cap company. The stock increased 0.48% or $0.08 during the last trading session, reaching $16.82. About 1.66 million shares traded. Mallinckrodt Public Limited Company (NYSE:MNK) has declined 30.39% since February 16, 2017 and is downtrending. It has underperformed by 47.09% the S&P500.

Fj Capital Management Llc increased its stake in First Conn Bancorp Inc Md (FBNK) by 12.39% based on its latest 2017Q3 regulatory filing with the SEC. Fj Capital Management Llc bought 82,800 shares as the company’s stock 0.00% . The hedge fund held 751,000 shares of the finance company at the end of 2017Q3, valued at $20.09M, up from 668,200 at the end of the previous reported quarter. Fj Capital Management Llc who had been investing in First Conn Bancorp Inc Md for a number of months, seems to be bullish on the $387.48M market cap company. The stock increased 0.20% or $0.05 during the last trading session, reaching $25.6. About 9,153 shares traded. First Connecticut Bancorp, Inc. (NASDAQ:FBNK) has risen 51.52% since February 16, 2017 and is uptrending. It has outperformed by 34.82% the S&P500.




Among 21 analysts covering Mallinckrodt (NYSE:MNK), 8 have Buy rating, 1 Sell and 12 Hold. Therefore 38% are positive. Mallinckrodt had 92 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Mallinckrodt Public Limited Company (NYSE:MNK) earned “Outperform” rating by BMO Capital Markets on Wednesday, August 9. The company was maintained on Friday, October 20 by Piper Jaffray. The stock of Mallinckrodt Public Limited Company (NYSE:MNK) earned “Buy” rating by Piper Jaffray on Tuesday, January 2. The rating was maintained by Mizuho on Wednesday, May 31 with “Buy”. Piper Jaffray maintained Mallinckrodt Public Limited Company (NYSE:MNK) rating on Wednesday, August 24. Piper Jaffray has “Overweight” rating and $112 target. The firm has “Outperform” rating given on Wednesday, October 14 by Northland Capital. The stock of Mallinckrodt Public Limited Company (NYSE:MNK) earned “Buy” rating by Mizuho on Wednesday, November 23. The company was maintained on Tuesday, August 8 by Oppenheimer. The rating was maintained by Jefferies with “Buy” on Wednesday, August 2. The stock of Mallinckrodt Public Limited Company (NYSE:MNK) has “Outperform” rating given on Monday, March 28 by RBC Capital Markets.

Investors sentiment increased to 0.91 in Q3 2017. Its up 0.19, from 0.72 in 2017Q2. It increased, as 57 investors sold MNK shares while 92 reduced holdings. 33 funds opened positions while 103 raised stakes. 98.56 million shares or 3.73% more from 95.02 million shares in 2017Q2 were reported. Guggenheim Lc reported 64,741 shares. Blackrock Inc holds 0.02% or 9.96 million shares in its portfolio. Schwab Charles Invest Mgmt holds 0.01% or 433,563 shares in its portfolio. Huntington State Bank invested in 126 shares. Lingohr & Partner Asset Mgmt Gmbh invested 0.53% in Mallinckrodt Public Limited Company (NYSE:MNK). Hsbc Public Limited Co holds 0% or 12,541 shares. Jacobs Levy Equity invested in 0.08% or 103,920 shares. Whittier Trust Communication accumulated 0% or 436 shares. Kbc Grp Inc Nv has invested 0.02% in Mallinckrodt Public Limited Company (NYSE:MNK). Canada Pension Plan Inv Board accumulated 0.02% or 216,910 shares. Washington Trust National Bank & Trust invested in 0% or 3 shares. Comml Bank Of America De holds 0% of its portfolio in Mallinckrodt Public Limited Company (NYSE:MNK) for 292,629 shares. Livforsakringsbolaget Skandia Omsesidigt has invested 0.01% of its portfolio in Mallinckrodt Public Limited Company (NYSE:MNK). Amp Capital Limited holds 0.03% or 130,692 shares in its portfolio. Swiss Bankshares reported 370,026 shares.

Orbimed Advisors Llc, which manages about $6.70B and $10.46B US Long portfolio, decreased its stake in Incyte Corp (Put) (NASDAQ:INCY) by 1.46 million shares to 200,000 shares, valued at $23.35 million in 2017Q3, according to the filing. It also reduced its holding in Hca Healthcare Inc (NYSE:HCA) by 410,000 shares in the quarter, leaving it with 187,400 shares, and cut its stake in Magellan Health Inc (NASDAQ:MGLN).

Investors sentiment decreased to 1.3 in 2017 Q3. Its down 0.18, from 1.48 in 2017Q2. It worsened, as 4 investors sold FBNK shares while 29 reduced holdings. 14 funds opened positions while 29 raised stakes. 7.86 million shares or 1.13% more from 7.78 million shares in 2017Q2 were reported. Creative Planning holds 0% or 20,000 shares in its portfolio. Matarin Cap Management Ltd Limited Liability Company accumulated 16,185 shares or 0.04% of the stock. Jpmorgan Chase & invested 0% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). Qs Invsts Ltd Liability Corp has 0% invested in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). Goldman Sachs Grp Inc has invested 0% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). Dimensional Fund Advisors Ltd Partnership invested in 433,738 shares or 0.01% of the stock. Hennessy Advsr stated it has 187,500 shares. Brandywine Global Invest Mgmt Lc holds 36,943 shares or 0.01% of its portfolio. Pub Employees Retirement Sys Of Ohio holds 0% or 1,861 shares. Financial Bank Of America De holds 0% of its portfolio in First Connecticut Bancorp, Inc. (NASDAQ:FBNK) for 125,331 shares. Strs Ohio holds 0% or 25,500 shares in its portfolio. Metropolitan Life Insurance accumulated 11,013 shares. Manufacturers Life The invested in 0.02% or 636,164 shares. Clarivest Asset Llc reported 0.02% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). Fj Cap Limited reported 751,000 shares stake.

Among 5 analysts covering First Connecticut Bancorp (NASDAQ:FBNK), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. First Connecticut Bancorp had 18 analyst reports since August 7, 2015 according to SRatingsIntel. On Wednesday, November 16 the stock rating was downgraded by Piper Jaffray to “Neutral”. The firm earned “Buy” rating on Friday, January 29 by Compass Point. The rating was initiated by Piper Jaffray on Thursday, April 14 with “Overweight”. On Wednesday, June 14 the stock rating was downgraded by PiperJaffray to “Neutral”. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Friday, September 4. The stock has “Overweight” rating by PiperJaffray on Monday, February 5. Piper Jaffray upgraded First Connecticut Bancorp, Inc. (NASDAQ:FBNK) on Tuesday, January 31 to “Overweight” rating. As per Wednesday, November 16, the company rating was downgraded by PiperJaffray. The company was upgraded on Wednesday, August 12 by Zacks. The firm has “Hold” rating given on Thursday, October 19 by Keefe Bruyette & Woods.

Since January 29, 2018, it had 3 insider purchases, and 0 sales for $34,382 activity. 370 shares were bought by Patrick John J Jr., worth $9,632.

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